Description
While several methods exist to determine which U.S. states are the poorest as of 2023, looking at median household income, poverty rate, and unemployment rate offers a simple and straightforward way to compare how much a typical family in one state is earning versus a typical family in another state. Based on these metrics, the poorest state in America is Mississippi.Use the theories (e.g., New Economic Geography, Cumulative Causation, New Growth, Human Capital, Creative Class, cluster theory etc.) in the readings, the lecture, or your own theory to try to explain why Mississippi’s economy lags behind the rest of the US.